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Finance Dictionary and Glossary of Investment Terms
Rule 10b-6
Definition 1.
An SEC rule prohibiting anyone engaged in a distribution of securities from bidding for or purchasing those or similar securities until their participation in the distribution is complete. Rule 10b-6A makes an exception for passive market-making transactions.
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Definition 2.
Securities and Exchange Commission rule that prohibits persons engaged in a distribution of securities from bidding for or purchasing those or similar securities until they have completed their participation in the distribution.
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